Business, Legal & Accounting Glossary
A provision in a document permitting or forbidding a person from transferring property that is the subject of the document.
In a fire insurance policy, an alienation clause prohibits the alienation of the insured premises while the policy is in effect. If the insured violates this provision, the policy is void.
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This glossary post was last updated: 8th October, 2021 | 0 Views.